Can I retire at age 55 with 735,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $735,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$60,696$60,155$59,627$59,113$58,610$57,333
2 years$30,047$29,488$28,945$28,420$27,909$26,629
3 years$19,833$19,271$18,730$18,209$17,707$16,464
4 years$14,726$14,166$13,630$13,118$12,629$11,432
5 years$11,663$11,106$10,578$10,076$9,600$8,453
6 years$9,622$9,069$8,548$8,058$7,596$6,500
7 years$8,164$7,616$7,104$6,625$6,178$5,133
8 years$7,072$6,528$6,025$5,557$5,125$4,131
9 years$6,222$5,684$5,189$4,734$4,316$3,372
10 years$5,543$5,010$4,524$4,081$3,678$2,783
11 years$4,988$4,460$3,983$3,551$3,163$2,316
12 years$4,525$4,003$3,535$3,115$2,741$1,941
13 years$4,134$3,618$3,158$2,750$2,390$1,635
14 years$3,800$3,289$2,837$2,441$2,095$1,384
15 years$3,510$3,004$2,562$2,177$1,845$1,176
16 years$3,256$2,756$2,323$1,949$1,630$1,002
17 years$3,033$2,538$2,113$1,751$1,446$856
18 years$2,835$2,346$1,929$1,578$1,285$733
19 years$2,657$2,174$1,766$1,426$1,146$629
20 years$2,498$2,020$1,621$1,292$1,023$540
21 years$2,354$1,882$1,491$1,172$916$465
22 years$2,223$1,756$1,374$1,066$821$400
23 years$2,104$1,643$1,269$971$737$345
24 years$1,995$1,539$1,173$885$662$298
25 years$1,895$1,444$1,087$809$596$257
26 years$1,803$1,358$1,008$739$537$222
27 years$1,717$1,278$936$677$484$192
28 years$1,638$1,204$870$620$437$166
29 years$1,565$1,136$810$569$394$144
30 years$1,496$1,073$754$522$356$124
31 years$1,432$1,014$703$479$322$108
32 years$1,372$959$656$440$291$93
33 years$1,316$909$613$405$264$81
34 years$1,264$861$572$373$239$70
35 years$1,214$817$535$343$216$61
36 years$1,167$775$501$316$196$52
37 years$1,123$736$469$291$178$45
38 years$1,082$700$439$268$161$39
39 years$1,042$665$411$247$146$34
40 years$1,005$633$385$228$132$30
41 years$969$603$361$211$120$26
42 years$936$574$339$194$109$22
43 years$904$547$318$179$99$19
44 years$873$521$298$166$90$17
45 years$844$497$280$153$82$15
46 years$817$474$263$141$74$13
47 years$790$452$247$131$67$11
48 years$765$432$232$121$61$9
49 years$741$412$218$111$55$8
50 years$718$394$205$103$50$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $735,000, adding $6,761 every year, while hoping to spend $53,324 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 65/16/19 Blend
54$735,000$735,000$735,000$735,000
55$816,944$777,989$766,596$865,726
56$843,536$759,374$735,541$880,680
57$871,053$738,060$701,658$890,304
58$899,533$713,858$664,797$899,552
59$929,017$686,568$624,799$908,390
60$959,547$655,980$581,500$916,780
61$991,168$621,870$534,727$924,683
62$1,023,926$584,001$484,300$932,059
63$1,057,874$542,124$430,031$938,863
64$1,093,064$495,975$371,723$945,053
65$1,129,552$445,274$309,172$950,582
66$1,167,400$389,726$242,163$955,401
67$1,206,671$329,018$170,472$959,460
68$1,247,434$262,823$93,865$962,708
69$1,289,762$190,791$12,099$965,090
70$1,333,732$112,554$0$966,551
71$1,379,429$27,725$0$982,271
72$1,426,941$0$0$1,000,561
73$1,476,363$0$0$1,030,248
74$1,527,799$0$0$1,066,233
75$1,581,358$0$0$1,103,711
76$1,637,158$0$0$1,142,766
77$1,695,327$0$0$1,183,490
78$1,756,000$0$0$1,225,978
79$1,819,327$0$0$1,270,336
80$1,885,466$0$0$1,316,676
81$1,954,589$0$0$1,365,122
82$2,026,881$0$0$1,415,804
83$2,102,545$0$0$1,468,866
84$2,181,798$0$0$1,524,463
85$2,264,875$0$0$1,582,763
86$2,352,033$0$0$1,643,948
87$2,443,549$0$0$1,708,216
88$2,539,726$0$0$1,775,781
89$2,640,891$0$0$1,846,878
90$2,747,402$0$0$1,921,760
91$2,859,646$0$0$2,000,706
92$2,978,048$0$0$2,084,016
93$3,103,069$0$0$2,172,019
94$3,235,211$0$0$2,265,076
95$3,375,024$0$0$2,363,576
96$3,523,108$0$0$2,467,949
97$3,680,116$0$0$2,578,661
98$3,846,766$0$0$2,696,224
99$4,023,839$0$0$2,821,196
100$4,212,191$0$0$2,954,189